Sagar Cements Limited
Sagar Cements is engaged in the business of manufacture and sale of cement.
What Sagar files
- Others64
- Important29
- Investor Meet27
- Updates17
- Board Meeting14
- Credit Ratings2
**Andhra Cements (ACL)**: Promoter Sagar Cements has achieved Minimum Public Shareholding (MPS) compliance. The issue was the promoter's holding stood at 82.24%, exceeding the regulatory limit of 75%, which could have led to compliance issues. To mitigate this, Sagar Cements sold 66.77 lakh equity shares (representing a 7.24% stake) via...
Sagar Cements (#SAGCEM) is initiating an Offer for Sale (OFS) to offload up to 66.77 lakh equity shares (7.24%) of its subsidiary, Andhra Cements. 📉 This action aims to help Andhra Cements comply with Minimum Public Shareholding (MPS) norms, which is the core issue. The sale, via stock exchange mechanism,...
Sagar Cements' Investment Committee approved an Offer for Sale (OFS) of up to 6,676,843 equity shares in its subsidiary, Andhra Cements. This transaction involves 7.24% of Andhra Cements' total equity. The primary goal of this OFS is to help the subsidiary achieve minimum public shareholding, ensuring compliance with market regulations....
Sagar Cements approved OFS of 66.77 lakh shares (7.24%) in its subsidiary, Andhra Cements, at a floor price of ₹52/share. This move, valued at ~₹34.72 Cr, aims to meet minimum public shareholding norms.
Sagar Cements (#SAGCEM) as promoter of Andhra Cements has sold 7,148,978 shares (7.76% stake) of Andhra Cements. This move is to comply with minimum public shareholding requirements. **Issue:** Sagar Cements, as the promoter of Andhra Cements, was above the regulatory threshold for promoter holding. **Impact:** Promoter holding in Andhra Cements...